Italy's heritage authority allows San Siro demolition

Milan - It is the home ground of both Serie A clubs AC Milan and Inter Milan, who plan to jointly build a new 60,000-seater stadium

Italy's heritage authority raised no objections to tearing down Milan's 1920s-era San Siro arena, a document seen by Reuters showed, removing a major obstacle to the city's top-flight soccer clubs plans to replace it with a new stadium. 
Serie A clubs AC Milan and Inter Milan, respectively owned by U.S. fund Elliott and Chinese electronic retailer Suning, last year filed a request to jointly build a new 60,000-seater stadium in the San Siro area. 
The new stadium is the key element in a wider 1.2 billion euro ($1.31 billion) real estate plan for the district, which includes demolishing almost all of the historic San Siro arena, home ground of both the city's top-flight clubs.